Course details

Overview ?

Course Description

This course prepares students in the basics of inventory control and management operations and the role of inventory management within an organization’s overall supply chain. The course includes presentations of the key elements of inventory control and management including inventory cost components, types and uses of inventory, planning inventory levels, maintaining inventory accuracy, and metrics and roles associated with inventory management.

Who Should Attend

Sourcing Analysts, Supervisors, Managers, Clerks, Representatives, Agents, Leads, and Specialists
Procurement Analysts, Supervisors, Managers, Agents, Clerks, Leads, Representatives, and Specialists
Contract Development Specialists, Agents, Clerks, Leads, Representatives, and Supervisors
Buyers, Senior Buyers
Buyer/Planners
Purchasing Analysts, Representatives, Supervisors, Managers, Agents, Clerks, Leads, and Specialists
Supply Chain and Logistics Managers, Analysts, Consultants, Supervisors, Technologists, Planners and Engineers
Business and Systems Analysts
Supply Chain Education and Human Resource Management personnel
Inventory Planners
Order Management Supervisors, Managers, Analysts
Demand Planners, Supply Planners, Forecast Analysts, Forecasting Managers
Inventory Managers, Inventory Clerks, Inventory Analysts
Transportation Planners, Transportation Clerks, Transportation Analysts, Transportation Managers

How You Will Benefit

By the end of the course, the learner will be able to...

Discuss the main reasons for carrying inventory
Describe the main approaches to managing inventory
Explain the key roles and responsibilities for managing inventory at distribution centers (DCs)
Discuss the way inventory management functions with other processes in a company
Describe inventory replenishment and its relationship to customer service levels
Discuss the main ways to categorize and to manage inventory
Describe the tools and techniques used for inventory control
Discuss key concepts of inventory storage and deployment
Explain methods used to measure inventory accuracy and stock keeping
Understand how inventory management works with other functional groups in a company
Describe the link between inventory management and forecasting
Discuss uncertainty in the inventory process and how to address it
Understand how better visibility of inventory and demand can reduce total inventory
Discuss key measures of inventory performance
Explain the costs related to inventory